Two Scribblers on Social Change
Madmen, Intellectuals, and Academic Scribblers – The Book Forum
“Ideas, unless outward circumstances conspire with them, have in general no very rapid or immediate efficacy in human affairs; and the most favorable outward circumstances may pass by, or remain inoperative, for want of ideas suitable to the conjuncture. But when the right circumstances and the right ideas meet, the effect is seldom slow in manifesting itself” — J.S. Mill
On January 17 at the Cato Institute, Edward Lopez and Wayne Leighton presented the argument from their new book that it is when madmen in authority, academic scribblers, and intellectuals recognize circumstances favorable to the ideas that they market, that policy changes, for good or for bad, by evolution or by revolution. While an economist who sees politics without romance at first expects that bad law can only get worse, economists with romance see that when entrepreneurs sell good ideas to the right people at the right time, government is forced to play by better rules.